NEK Prosperity FunD
The NEK Prosperity Fund is a project of NEK Prosper, Northeast Kingdom Community Action (NEKCA), and Northern Community Investment Corporation (NCIC). Together we created the NEK Prosperity Fund to organize and focus investment on equity and population health. The loan fund will redistribute capital to qualified entrepreneurs and non-profit organizations to grow in the Northeast Kingdom. Loan recipients will receive enhanced business support services from financial and business counselors from NEKCA.
Funds May Used For:
- Start-up Costs
- Working capital
- Leasehold Improvements
- Equipment or Supplies
- Refinance existing higher interest debt
- Funds may not be used to purchase real estate or for construction
Bringing stunning and delicious breads and desserts to St. Johnsbury!
NCIC worked in partnership with Passumpsic Savings Bank, and with additional assistance from the Small Business Development Center to offer financing that allowed the owners to renovate the space, purchase needed equipment and inventory, and open their doors to the community.
Kept the doors open and the lights on!
NCIC and Bangor Savings Bank worked together to offer a financing package to allow a smooth transition in ownership.
Without this assistance Reklis Brewing Company would not have been able to purchase a property for our business that is going to allow us to grow beyond our current footprint. Our business has had a tremendous economic impact on our local community, and this assistance will expand that impact.
Just thank you, Aaron was great and very responsive. We look forward to working with NCIC in the near future.
Reklis Brewing Company
NCIC offered Jasper Hill Farm a new financing instrument to help support our growth. As new market opportunities arose we had access to an equipment line of credit to allow us to meet increased customer demand. The process was quick and easy allowing us to pivot quickly, meet our timelines and beat our annual revenue projections.
Jasper Hill Farm